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20130201
20130228
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CNBC 17
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English 17
Search Results 0 to 16 of about 17 (some duplicates have been removed)
CNBC
Feb 25, 2013 9:00pm EST
. the man driving the car is gregg bergersen. he's a civilian analyst at the pentagon with one of the nation's highest security clearances. his companion is tai shen kuo, a spy for the people's republic of china. bergersen knew a secret that the chinese desperately wanted to know, and neither man knows that what they're about to do is being recorded by two cameras the fbi has concealed in their car. >> let you have the money. >> oh, oh. are you sure that that's okay? >> yeah, it's fine. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we turn our attention to some foreign intrigue. first, a story about a mysterious computer virus that struck an iranian nuclear plant. later, the report of how american agents hunted a notorious arms dealer. and finally, an account of a chinese-american spy trying to steal u.s. military secrets for china. we begin with the story of stuxnet, a computer virus considered to be the world's first destructive cyberweapon. it was launched several years ago against an iranian nuclear facility, almost certainly with some u.s. involvement. but as steve k
CNBC
Feb 21, 2013 7:00pm EST
. republicans want to move away from these pentagon cuts and put pressure on the president to come up with new cuts. karl rove recommended that today in the "wall street journal." >> pentagon is 20% of our federal budget. if you're going to make cuts in spending that's not entitlements you have to -- >> ding, ding, ding, that's not entitlements. can we make entitlement cuts? >> sequestration doesn't deal with it. >> the president will never do entitlement cuts. >> here's the reality. we saw the gdp growth numbers decline in the last quarter of 2012 because of the contraction in federal government spending. >> that's primarily in the military. >> the private-sector economy has grown 5%. they weathered these cuts. >> ed rogers i want to go back to one fundamental point regarding my sermon on the mound. i really believe that any time you can cut spending and limit government that is good for the economy. that is why fundamentally apart from the numbers and getting in the weed for all these debates i think that this is a pro growth move and that's the reason why i want the republicans to hang toug
CNBC
Feb 22, 2013 7:00pm EST
care benefit system in the pentagon needs to be overhauled and that these are where major savings are and that's where we should aim for, that the pentagon cannot be immune from this exercise. >> i wouldn't disagree at all. i think you can debate what kind of military defense strategy you wish, what kind of forces you plan on having, their technology, their training levels, all that should be on the table. but you've got to do it in a rational way. you've got to act like it's a business. the whole notion of cutting billions of dollars out of the defense budget, i just read one of the pundits announcing you can cut the defense budget by 2/3 and it wouldn't affect national security. and that all of this is political theater. it's anything but political theater. you know, dr. ash carter, the deputy's a very rational, bright fellow. very experienced. the chiefs of the services just testified under oath. they said this is going to be a big problem. and i think it is. >> and i agree with the general. because again, as i said, i'm not saying not to do cuts but let's do it smart. let's no
CNBC
Jan 31, 2013 7:00pm EST
the pentagon. and really ambiguity on israel, too. is that possible that's why he was picked? >> well, actually, i think even more revealing when he said it doesn't matter what i think, i'm not in a policy role. in other words, obama has chosen a stooge who has no independent thoughts, who is not going to be in the way, who is simply going to be there as a plug so that he can continue to slash the pentagon budget. this was a five-car pile-up, larry. this was a fiasco, a debacle, whatever you want to call it. what happened in the hearing today is this shifted from an issue of ideology to an issue of competence. would we be willing to trust this man if he went in to go talk to the russians, if he went in to the middle east. i don't think anyone in good conscience looking at him can say he's prepared, he's sober, he has a grasp of these issues. it was an embarrassing performance. the worst in my lifetime, larry, and i'm not alone. a lot of mainstream reporters saying this was really bad. >> aw shucks, jennifer, i can think of many in your lifetime. >> oh, not as bad as this. >> i want to ask you o
CNBC
Feb 25, 2013 1:00pm EST
article saying republicans would hit steep cuts hitting the pentagon. here is how the defense sector is fairing right now. shall we take a look if we don't have that, we will bring it to you when we do. john harwood, live in washington. hi, john. >> there is no more clarity around this budget sequester situation than there is about the italian elections that michelle was talking about earlier. you've got many republicans as well as democrats saying, either publicly or privately, oh, it's not that bad. if you're a democrat will it cut defense. some say okay, it'll cut spending overall. that's fine too. you have president obama with public pressure trying to convince the american people that bad things are going to happen and put pressure on republicans. he also sent senate remarks in the morning to the white house a way out for both sides. >> democrats, like me, need to acknowledge that we're going to have to make modest reforms in medicare if we want the program there for future generations and if we hope to maintain our ability to invest in critical things like education, research a
CNBC
Feb 5, 2013 3:00pm EST
ahead. >> here's the big challenges for apple. the pentagon chael challenge for a s&l that it's a really great wonderful product that's changed the world but ipad, it growth is not enough to make up for the slowing saturation of the smartphone market that -- that is happening because the iphone is being adopted and the rich people already have these things. you know, the ipad is a great product, but it's been so great, it hasn't been able to sort of do what the iphone has done. the iphone is a once in a lifetime product that was wonderful for apple's profit margins and we're just not going to see the likes of it again any time soon. >> not to pile on, colleen. you have to admit buzz is not there for apple and when you look at the stock price, it's down sharply from those highs last september when ironically they had just introduced the new iphone, so, you know -- it's a nice ipad, but where's the buzz for apple these days, colleen? >> listen, i agree, apple need to do a lot more to get this stock back, but the buzz isn't there because this is an enterprise story. this is a business story
CNBC
Feb 7, 2013 4:00pm EST
the pentagon to allocate the cuts in their best judgment rather than forcing certain cuts on them. that would be one helpful thing, but i think the bargaining power almost requires that we allow it to happen before -- before anybody is going to get serious about their negotiation. i agree. it's a terrible idea, but it's maybe a bad idea whose time has come. >> laura you say it's not next to happen. >> right. >> you say there's no debt crisis. how would you describe the 16 trillion debt. >> so what i would say, look, there were estimates out there at the beginning of the year we needed about $4 trillion to stabilize the debt-to-gdp ratio. we're about 60% of the way there. we do need additional revenue increases or spending cuts over the next decade, but let me emphasize. over the next decade. not at a moment in time when the economy has 7.9% unemployment and is operating under its capacity to the tune of maybe six percentage points below capacity. this is a terrible time to do what needs to be done, and it's also a terrible way to do it because it's like telling a business you have to cut ever
CNBC
Feb 8, 2013 7:00pm EST
he knows and doesn't know about the pentagon because he didn't know much. why are the democrats going to lay down for this? >> if i were the democrats and i'm looking at a republican whose foreign policy views are very popular with the likes of pat buchanan, might have some second thoughts about that. nice a guy as pat is, his foreign policy view ace little bit crazy. chuck hagel obviously holds some views, has empathies that are out of the mainstream of the republicans and democrats. we have two parts that agree on a very aggressive interventionist policy. >> besides president obama, i admit the president usually gets his own. i don't see anybody laying down for this guy. and i read today, okay, i read pretty your stuff. i read it from a lot of stuff. he is refusing to disclose his financials. particularly his foreign financials. i don't know how you get through under those circumstances. >> the democrats will support him. the more important issue for them is barack obama. barack obama is still the number one issue in politics today. and democrats need his support to win in 2014. so
CNBC
Feb 15, 2013 7:00pm EST
if, larry, you get rid of all the waste and abuse that they say is in the pentagon, you're still not going to make a dent in the spending that we need to to bring our budgets back under control. the fact of the matter is president obama not only suggested but he insisted that this sequester become law. you now have democrats running away -- >> it was his idea. and we just clarified that. it was his idea in the first place. why is he trying to worm out of his idea? >> not only the president but the entire democratic party has this righteous indignation over sequester when in fact they were the ones pushing it in the first place. the house has twice passed bills that would bring reasonable spending cuts into law. the senate thus far, we have seen a complete vacuum of leadership. it's time, frankly, for everyone to come to the table and have a reasonable discussion about what meaningful spending cuts would actually take to pass into law. >> catherine, i just want to get your quick take as the libertarian in the group. we've got a little something for everybody here tonight. before i
CNBC
Feb 7, 2013 4:00am EST
of peaked and it's showing some sign of a reversal. >> the pentagon is cutting the usair craft carrier fleet in the persian gulf to demonstrate the effect looming defense cuts could have on the military. it will have to trim flying hours and lockheed's fighter jets. billions of dollars in automatic cuts known as the sequester are set to take effect march 1st if congress doesn't delay or cancel them. outgoing secretary of defense leon panetta called lawmakers irresponsible. >> it is difficult to believe, frankly, that congress would simply stand aside, stand aside, fail to make the decisions necessary to resolve this crisis and allow the defense, economy and quality of life of america to be irreparably damaged. >> thou, some health and senate republics have offered a plan to cut the federal workforce and use those savings too void the full 85 billion sequester. a similar plan failed to gain any traction last year. however, will this time be different? mark parkinson, former governor of kansas, ceo, and a real pleasure to have you with us. >> great to be here this morning. thank you. >> we wou
CNBC
Feb 21, 2013 4:00am EST
billion in budget cuts set to begin in just eight days. on the same day, the pentagon outlined plan toes furlough some 800,000 civilian workers to save money. these interviews are part of the white house strategy to blame potential job losses on the gop. >> instead of us cutting education, instead of us cutting the mental health programs, instead of us affecting military readiness and a whole range of other things that are important to our security and prosperity, we should be focused on programs that we know don't work, waste in government, and some of these tax loopholes that we could close that frankly benefit the well off and well connected. >> now, congress isn't in session this week. it isn't expected to reach a deal by the march 1st deadline to prevent the sequester. so, ideal, the physical mini cliff continues. >>> david einhorn is taking his case against apple directly to the company's shareholders. he's seeking an injunction to get rid of a system to issue pressed stock. einhorn will hold a conference call with investors today, an interesting move and one that's seeing apple sh
CNBC
Feb 25, 2013 4:00am EST
discussing a deal to fun operations through to september. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make purchases. that's the subject for kelly in barcelona at the world mobile congress. do you have to use your spanish down there or you're okay, kelly? >> si, senior. i've been using a lot of spanish here, ross. right now, i'm joined by ed mcglaughlin from mastercard. ed, i haven't been speaking spanish with you necessarily. >> no. >> but we have been talking about the language of payments. and it does seem as though we're moving from, as you've said, a cash list to a credit card list society. what exactly is mastercard doing here? >> well, what we're announcing today is what we call master pass. everything starts becom
CNBC
Feb 7, 2013 6:00am EST
to see you. i wanted to put this up. this is what's on the cover of "usa today." pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is really unsustainable and deeply dangerous long-term fiscal situation and i think if we had done that, not only would be useful for the long run but i think could have generated confidence in the shorter run and promote jobs now. now instead of that we have a happen has 5rd process. a sequester we're facing. it's a terrible piece of legislation. it arbitrarily cuts defense and nondefense without thoughtfully doing so. instead of being phased in so we'd have more room for recovery, it hits abruptly. and it's far, far from clea
CNBC
Feb 11, 2013 6:00am EST
's not going to be any opportunity to cut pentagon spending in any serious way if you don't go over the cliff. so there is some stuff in there that i as a democrat don't like. but i think everybody's going to put something in the pot in order to balance the deficit. we did a lousy job in january on the tax side and i hope that -- i think it's better to go over the cliff than do a lousy job -- >> how many people do you know on your side of the field who actually agree with you? >> very few. look they're politicians. they want to spend as much money as they possibly can and they don't want to pay for it. >> who agrees with you? >> oh, i don't know. i bet -- oh, god, joe agrees with me. >> you forgot. the other thing, howard, and i'm just alluding to it, there will be no return to the bush era tax rates on anyone under $400,000? >> right. >> okay. so take that amount of money, whatever that is per year. how much do you need -- how many loopholes do you need to close? what is the marginal rate have to be on people above 400 to replace that potential revenue? it's 100%, isn't it? >> but i don't --
CNBC
Feb 26, 2013 6:00am EST
taking the civilian workers when our country is still at war at the pentagon and putting them on four days a week work is still waste. let those who think they've identified waste and no doubt there are efficiencies that can be found put their proposals forward and let those proposals be weighed in the context of a balanced approach. the question isn't whether we should leave any category immune. the question is whether we should have a balanced approach. and to assume, before anyone has laid out any kind of vision of how that $85 billion a year could be cut, that it must be possible and that everything else has to be ruled out seems to me to be a extraordinarily irresponsible approach. of course there are instances of waste in the federal government. there are also instances of huge unmet needs of diseases where we could find cures that save tens of thousands of people's lives in the next several years. but we're cutting the budget instead and denying ourselves the chances to find those cures. of infrastructure investments where we're risking more bridges collapsing and all we're doi
CNBC
Feb 27, 2013 6:00am EST
, you don't care. >> i guess, but i don't. i don't care. >>> the pentagon chief for the f-35 warplane is slamming his partner lockheed martin. he's accusing them of trying to squeeze every nickel out of the u.s. government faults them for seeing the long-term benefits of the project. >>> and tesla ceo eland musk vowing to pay back an energy deficit loan in half the time required by the government. the company receives a doe loan in 2010 and made the first payment of nearly $13 million in december. >> by the way, did you see yesterday -- remember we had -- there was a big debate about the test drive of the tesla in "the new york times." >> yeah. uh-huh. >> and phil lebeau -- >> went well. then edmonds did one yesterday. >> how did that go? >> not so well. the whole interior screen that sort of is the hub of the whole car, it stopped working. >> i don't understand this debate anyway. if you want to go a long trip like that, wouldn't you take a different car? rent a car or -- >> yeah. phil made the point. this is what you do -- >> andrew made the point, too. >> if you feel green and you
Search Results 0 to 16 of about 17 (some duplicates have been removed)